Instructions: Identify the Following Terms

question 72

Short Answer

Instructions: Identify the following terms.
West Pakistan and East Pakistan/Bangladesh

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Definitions:

Bank Service Charges

Fees charged by banks for account maintenance, transactions, and other financial services provided to customers.

Book Balance

The amount of money a company reports in its financial statements, not necessarily reflecting the actual cash available.

Factoring

Factoring is a financial transaction where a business sells its accounts receivable to a third party, called a factor, at a discount.

Pledging

Offering an asset as security or collateral for a debt obligation.